e.l.f. Beauty, Inc. (ELF) Tops Q2 EPS by 2c
e.l.f. Beauty, Inc. (NYSE: ELF) reported Q2 EPS of $0.15, $0.02 better than the analyst estimate of $0.13. Revenue for the quarter came in at $72.4 million versus the consensus estimate of $68.47 million.
“Our deep commitment to inclusive, accessible, and cruelty-free beauty continues to resonate with consumers,” said Tarang Amin, e.l.f. Beauty's Chairman and Chief Executive Officer. “This is our seventh consecutive quarter of net sales growth. Of the top five color cosmetics brands in the U.S., e.l.f. was the only brand to post growth in the quarter, and the only brand to grow share, according to Nielsen. We also took important next steps in our transformation to a multi-brand portfolio with the unveiling of Keys Soulcare and the launch of our recharged W3LL PEOPLE brand.”
“We believe the focused work behind our strategic imperatives has set the foundation for long-term growth and provided a platform for our strategic extensions. While we expect the near-term operating environment to remain dynamic, I am confident in our ability to continue to execute our strategy and emerge with an even stronger, more diversified brand portfolio.”
GUIDANCE:
e.l.f. Beauty, Inc. sees Q3 2021 EPS of $0.59-$0.63, versus the consensus of $0.66. e.l.f. Beauty, Inc. sees Q3 2021 revenue of $297-303 million, versus the consensus of $295.6 million.
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